2006-07-22 06:39:56 · 12 answers · asked by c_u_b_s_f_a_n_81 2 in Business & Finance ➔ Personal Finance
I really don't think so. As a bank teller, I have seen branch traffic decline due to increased usage of debit cards, ATMs, and direct deposits. More and more places (even fast-food restaurants) are accepting plastic and more people are becoming comfortable with using it. $50 can easily last me a month. So, no, I really don't see that happening.
2006-07-22 07:05:20 · answer #1 · answered by Rich B 3 · 0⤊ 0⤋
No kidding, we just had this conversation a half hour ago. No, it really isn't necessary for anything larger than a one hundred dollar bill. The larger currency is used for bank transferrals. Besides, who uses cash anymore. We are a society of plastic and cyber transfers.
2006-07-22 13:45:01 · answer #2 · answered by PariahMaterial 6 · 0⤊ 0⤋
Depends on inflation... if it gets really high and we start paying ridiculous prices, we'll start seeing $500 bills. However, I doubt that will actually happen, since I think our economy is consumer driven.
2006-07-22 14:50:53 · answer #3 · answered by Swu20 3 · 0⤊ 0⤋
no. the problem of accounting for cash exchange was solved by instituting the money card/debit, and by certificates of deposit. the government can now track money and who spends it on what much easier.i think in the next ten years we'll see a complete erradication of cash, and we'll be in a cashless society.
2006-07-22 13:43:37 · answer #4 · answered by grumpy 4 · 0⤊ 0⤋
Yes...Eventually a larger bill will become necessary due to inflation. Remember when you hated to break a twenty?
2006-07-22 13:44:19 · answer #5 · answered by Bear Naked 6 · 0⤊ 0⤋
Not regularly, no. You can special order higher bills though (Wells Fargo).
2006-07-22 13:43:30 · answer #6 · answered by Juror #8 3 · 0⤊ 0⤋
For money transfers yes, But for public, NO.
2006-07-22 13:55:43 · answer #7 · answered by GRUMPY 7 · 0⤊ 0⤋
Yes, once gas hits $50.00 a gallon
2006-07-22 13:43:11 · answer #8 · answered by Dagblastit 4 · 0⤊ 0⤋
I have seen and used the $500.00, and $1000.00 bill
Wedding gifts, birthdays, christmas..
2006-07-22 13:41:33 · answer #9 · answered by sassy 6 · 0⤊ 0⤋
Certainly, inflation guarantees it.
2006-07-22 15:08:00 · answer #10 · answered by Michaelsgdec 5 · 0⤊ 0⤋